Denmark

Denmark is both a regional and global outperformer in our Autos Sales RRI, thanks to a large and growing vehicle market supported by high incomes. The biggest risk is the amount of tax payable on vehicle purchases.

Key View: Danish policy formation is likely to remain constrained by parliamentary fragmentation, even after the next scheduled elections in June 2019. The influence of the Danish People's Party implies that the increasingly populist leanings in government policy over the past few years will continue no matter whether the

A regulatory shift towards loan-to-income (LTI) restrictions has contributed to the recent adjustment in Norwegian and Swedish house prices, Fitch Ratings says. Other factors that will influence the market include supply-demand fundamentals and income growth, but most importantly the eventual pace of interest rate rises.

The Danish construction sector is set to grow in real terms by an average 2.3% over our forecast period to 2024, on the back of strong investment into the infrastructure sector, with both public and private financiers looking to the sector for safe investments. We note that the residential construction market will struggle